Which of the Following Is True of a Certificate of Deposit

question 11

Multiple Choice

Which of the following is true of a certificate of deposit?

• A) It is a promise to pay.
• B) It is used to extend credit to a buyer.
• C) It is a three-party instrument.
• D) It is a savings account passbook.

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Definitions:

Human Capital Theory

An economic perspective that regards individuals' skills, knowledge, and experience as valuable resources that enhance productivity.

Economic System

The organized way a society allocates resources, produces goods and services, and distributes wealth among its members.

Wage Differences

The disparities in income received by individuals for their labor, often influenced by factors like occupation, education, experience, and gender.

Functionalist Theory

A theoretical perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.